Diamondhead Casino Corp (DHCC)

[~S.B.A.~]

You are wrong. Please review the 8k filing.

The property is a debt-free asset owned by casino world a wholly subsidiary of DHCC.

The company appears to be securing the current debt as a lien against the property after 180 days from the offering. That means the debt will transfer to casino world as a real-estate lien, thus no dilution to Diamondhead Casino stock. Understand how DHCC and Casino World are two separate entities.

Quote from 8k

"1-2-3 Tranche Debentures will bear interest at 4% per annum after 180 days and will be secured by a lien on the Company's Mississippi property"

The property Has a valuation of $100million and to finance the ENTIRE project a simple mortgage could be taken out through Casino World a wholly owned subsidary. In return, no dilution to DiamondHead Casino Stock. Smart Money playing here.

Now, lets look back at the last take over of the company back in the early 2000s. A series of SG13s were filed after a open market take over. Mr Arneault has seized control, but controlling interest in stock he lacks. So, what do you think he'll do? Precedents show open market buying as a transition of controlling interest transfered hands.